While the Biden administration has just successfully passed a $1900 bn stimulus package, attention will now turn to the infrastructure package that was included in Biden’s campaign promises.
Infrastructure needs in the United States are urgent, and huge investments must be made if the administration is to meet its climate objectives. In 2017, public spending on infrastructure in the US was 2.3% of GDP, the lowest since World War II.
Many infrastructures have not been renovated for decades, and the average age of the nation’s infrastructure continues to rise. This year, the American Society of Civil Engineers gave a C- grade to US infrastructure and a D grade, that is to say in poor condition, to 11 of the 17 infrastructure categories assessed.
You can now read the full whitepaper at the link below